Description

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In this episode of the Ironbird Podcast, we are thrilled to welcome Stephen Hofer, a renowned aviation attorney from Aerlex, who is often referred to as the "Business Aviation Super Lawyer." Stephen brings his extensive experience in aviation law to provide invaluable insights for private jet owners and charter clients. Whether you're buying, selling, or managing aircraft, this episode is packed with essential legal strategies and industry knowledge that can help you navigate the complex world of business aviation.

Topics Covered:

• Common mistakes people make when buying or selling airplanes.
• Stephen Hofer’s background and journey into aviation law.
• Key services provided by Aerlex and why they matter.
• The need for management companies when operating under Part 91.
• Best practices for running an RFP for aircraft management.
• What to include and exclude in management agreements.
• Flat rate vs. revenue share in charter payback.
• How to effectively review and audit aircraft management statements.
• The right time to engage an aviation attorney and why.
• Legal strategies for protecting clients’ interests in management agreements.
• Negotiating fractional contracts and maximizing leverage with companies like NetJets and Flexjet.
• Why hiring an aviation-specific attorney is crucial over general counsel.
• Comparing the roles of aviation attorneys, tax attorneys, and CPAs in business aviation.
• Best practices for entity structuring when purchasing an aircraft.
• Leveraging in-house counsel from aircraft management companies.
• Experiences with wet and dry lease agreements and the risks of illegal charters.
• Industry insights on significant changes and advice for charter customers, jet card/fractional owners, and whole aircraft owners.

About Stephen Hofer:
Stephen Hofer is a seasoned aviation attorney and the driving force behind Aerlex, a firm specializing in aviation transactions, regulatory compliance, and dispute resolution. His expertise ensures that private jet owners and charter clients receive top-tier legal counsel to protect their investments and navigate complex aviation laws.

Who Should Listen:
This episode is a must-listen for private jet owners, charter clients, and anyone involved in the business aviation industry. Gain expert advice on avoiding legal pitfalls, optimizing aircraft management, and making informed decisions that can save you time and money.

About Ironbird Podcast:
The Ironbird Podcast, hosted by Daniel Harris, CEO of Ironbird Partners, is your go-to resource for in-depth discussions on private aviation. We bring you expert insights and advice from industry leaders to help you stay ahead in the fast-paced world of business aviation.